A number of firms have modified their ratings and price targets on shares of Infosys Limited (NYSE: INFY) recently:

  • 10/4/2017 – Infosys Limited had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $16.00 price target on the stock.
  • 9/19/2017 – Infosys Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. According to Zacks, “Infosys’ Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. Infosys’ new offerings under its business platforms including Edge, Panaya and Skava are helping it gain new clients. Infosys’ services and software are also proving conducive to top-line growth. The growth in the higher margin business is proving conducive to the margin expansion. The company remains confident that growth is likely to pick up in the second half of the fiscal year as regulatory norms relax and the impact of high interest rates eases. However, Infosys’ shares have underperformed the Zacks categorized IT Services industry average over the past six months. U.S. President-elect Donald Trump’s anti-immigration stance, rising costs and on-site expansion pose as major headwinds.”
  • 9/18/2017 – Infosys Limited was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the past six months, Infosys shares have underperformed the industry average. Infosys is facing business disruption due to a high-profile CEO’s exit, bitter ego battles between top management and a co-founder, plus the reputational damage suffered because of a possible securities fraud charge. In addition, U.S. President Trump’s anti-immigration stance and rising costs pose as major headwinds. The fate of H-1B visas will be a crucial determinant of the company’s future profitability. However, Infosys’ results are benefiting from diligent operational execution. Its Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. In addition, the company’s solid financial health adds to its strength. Its new offerings under its business platforms like Edge, Panaya and Skava are also helping it gain new clients.”
  • 9/17/2017 – Infosys Limited was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating. They now have a $12.88 price target on the stock, up previously from $12.40.
  • 9/12/2017 – Infosys Limited was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/6/2017 – Infosys Limited was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “Infosys’ Renew New strategy has helped reap multiple benefits, including renewing traditional services, winning deals, introducing services and monetizing from key initiatives. Infosys’ relentless focus on commitment to execution helped it deliver constant currency revenue growth, margin improvement, record cash generation and high revenue per worker in  the fiscal first quarter. The company’s new offerings under its business platforms including Edge, Panaya and Skava are helping it gain new clients. The growth in the higher margin business and diligent operational execution are proving conducive to margin expansion. In addition, the company’s solid financial health adds to its strength. However, Infosys’ shares have underperformed the industry average over the past six months. U.S. President-elect Donald Trump’s anti-immigration stance, rising costs and on-site expansion pose as major headwinds.”
  • 9/3/2017 – Infosys Limited had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $16.00 price target on the stock.
  • 8/28/2017 – Infosys Limited was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating.
  • 8/25/2017 – Infosys Limited had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They wrote, “Foresi’s Take. The drama at Infosys continued this week with further board resignations. It is too early to tell what was the overriding confounding factor performance, corporate governance, or outside political pressure. The new/old management is working to put together a strategy and find a new CEO.””
  • 8/21/2017 – Infosys Limited was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating.
  • 8/18/2017 – Infosys Limited was downgraded by analysts at UBS AG from a “buy” rating to a “hold” rating.
  • 8/18/2017 – Infosys Limited had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $16.00 price target on the stock.
  • 8/18/2017 – Infosys Limited had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $15.50 price target on the stock.
  • 8/18/2017 – Infosys Limited was given a new $15.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.

Infosys Limited (NYSE:INFY) remained flat at $14.55 on Wednesday. The company had a trading volume of 2,767,267 shares. The stock’s 50-day moving average price is $14.77 and its 200 day moving average price is $15.10. Infosys Limited has a 12-month low of $13.42 and a 12-month high of $16.71. The stock has a market capitalization of $33.26 billion, a PE ratio of 15.33 and a beta of 0.74.

Infosys Limited (NYSE:INFY) last announced its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $170.78 billion during the quarter, compared to analyst estimates of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. Infosys Limited’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS. On average, equities research analysts forecast that Infosys Limited will post $0.98 EPS for the current fiscal year.

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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